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Was Mises right?

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  • Peter Leeson
  • Peter Boettke

Abstract

This paper argues that Mises's methodological position has been misunderstood by both friends and foes alike. On the one hand, Mises's critics wrongly characterize his position as rejecting empirical work. On the other hand, his defenders wrongly interpret his stance as rejecting empirical analyses on the grounds that they contradict apriorism and push economics towards historicism. We show that Mises's methodological position occupies a unique place that is at once both wholly aprioristic and radically empirical.

Suggested Citation

  • Peter Leeson & Peter Boettke, 2006. "Was Mises right?," Review of Social Economy, Taylor & Francis Journals, vol. 64(2), pages 247-265.
  • Handle: RePEc:taf:rsocec:v:64:y:2006:i:2:p:247-265 DOI: 10.1080/00346760600721163
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    References listed on IDEAS

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    1. Boettke, Peter J., 1995. "Why are There No Austrian Socialists? Ideology, Science and the Austrian School," Journal of the History of Economic Thought, Cambridge University Press, pages 35-56.
    2. Vaughn,Karen I., 1994. "Austrian Economics in America," Cambridge Books, Cambridge University Press, number 9780521445528, December.
    3. Robert H. Bates & Avner Greif & Margaret Levi & Jean-Laurent Rosenthal, 1998. "Analytic Narratives," Economics Books, Princeton University Press, edition 1, number 6355, June.
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    Cited by:

    1. William Luther, 2014. "Evenly rotating economy: A new modeling technique for an old equilibrium construct," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 27(4), pages 403-417, December.

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